New Law Tackles HOA Reserves and Disclosures By Evelyn Dufford, CMCA, PCAM This spring the legislature passed and the Governor signed into law HB1309 . The law is an update for reserve funding disclosures for condominium and adds the concept of reserve funds for homeowners associations with “significant assets”. The bill becomes effective 1/1/2012. Let’s [...]
Welcome August! The month of sun, Seafare, back to school shopping and stormwater maintenance. I know, rain is the last thing you want to think about. My lawn just dried out enough to spray the weeds. But just like buying snow shovels, now is the time to maintain the stormwater ponds and catch basins.
We are excited to announce our fall class schedule. We start the series off with our popular Budgeting Seminar. This year is particularly important because of the new laws regarding reserve studies for both Condominiums and Homeowners Associations. We then proceed with our semi annual Board Basics Classes and finish with our Evening with the [...]
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